Technical
Financial
Distress signals
Property profile

196 E Main St Milford, MA 01757

FOR LEASE
Industrial properties
Property ID
US38-0924641
25.38 ac lot
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4-acre commercial land parcel in Milford, Massachusetts, presents a unique investment opportunity. Located at 196 E Main St, zip code 01757, the property boasts 154 parking spaces and is ideally situated behind the Quarry Square Retail Center. Its strategic location offers excellent visibility and accessibility, with proximity to an advanced manufacturing/industrial building and a retail center. The surrounding area is characterized by a variety of warehouse and industrial uses, creating a synergistic environment for potential development. The site's zoning allows for a range of commercial uses, making it suitable for various business ventures. A contractor's yard or storage facility would be a perfect fit, but the property's versatility allows for exploration of other industrial and commercial opportunities. The single-tenant land parcel offers significant potential for growth and return on investment. The property is in Worcester County and is ready for development. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Massachusetts location. The ample parking provides significant added value for any future development. The site's location offers easy access to major transportation routes, further enhancing its appeal to potential businesses. This property is ready for immediate development and offers a compelling opportunity for investors seeking a high-return investment in a prime location.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 25.38 ac (1,105,553 SF)
Zoning code IB
APN MILF M:32 B:098 L:17C
UPID US38-0924641

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Roofing Company General Contractor
  • Take-out & Catering Catering Service
  • Restaurant
  • Restaurant

Location

196 E Main St Milford, MA 01757
Milford metro Census 744202 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k

Owner & transaction history

since 2023
Last sale
$800,000
4 recorded transactions
2023
$800,000
2021
$16.4M
2020
Price N/A
2011
Price N/A

Zoning & alternative use

IB · Milford, MA
Zoning description

ACTIVITY OR USE RA RB RC RD OR BP CA CB CC IA IB IC RECREATIONAL USES Camping, commercial O O O O O O O O O O O O Camping, supervised O A A A O O O O O O O O Commercial recreation/ Indoor l O O O O O O P P P P P P Commer…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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